Y Intercept Hong Kong Ltd bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,950 shares of the company's stock, valued at approximately $563,000.
Several other institutional investors and hedge funds also recently bought and sold shares of AUB. SG Americas Securities LLC raised its position in shares of Atlantic Union Bankshares by 69.9% during the 2nd quarter. SG Americas Securities LLC now owns 19,122 shares of the company's stock valued at $628,000 after buying an additional 7,868 shares during the period. Raymond James & Associates lifted its stake in shares of Atlantic Union Bankshares by 2.7% in the 2nd quarter. Raymond James & Associates now owns 121,394 shares of the company's stock valued at $3,988,000 after purchasing an additional 3,192 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Atlantic Union Bankshares by 21.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the company's stock worth $1,485,000 after purchasing an additional 8,000 shares during the period. Family Firm Inc. acquired a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $85,000. Finally, Atlantic Union Bankshares Corp raised its holdings in Atlantic Union Bankshares by 64.6% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 458,689 shares of the company's stock valued at $15,066,000 after buying an additional 179,951 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. Raymond James lowered their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upped their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and a consensus target price of $42.00.
Get Our Latest Stock Report on AUB
Shares of AUB stock opened at $40.95 on Friday. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a 50 day moving average price of $40.24 and a 200 day moving average price of $37.52. The stock has a market capitalization of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Equities research analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 annualized dividend and a yield of 3.32%. Atlantic Union Bankshares's dividend payout ratio is 56.43%.
Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.
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